OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued on Monday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Up 0.2 %

OPHC stock opened at $4.61 on Monday. The firm’s 50-day moving average is $4.58 and its two-hundred day moving average is $4.40. The company has a market capitalization of $44.42 million, a price-to-earnings ratio of 4.52 and a beta of 0.37. OptimumBank has a 52 week low of $3.04 and a 52 week high of $4.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

OptimumBank (NASDAQ:OPHC) last posted its quarterly earnings data on Monday, August 5th. The bank reported $0.34 EPS for the quarter. OptimumBank had a return on equity of 12.66% and a net margin of 18.24%. The company had revenue of $9.94 million for the quarter.

Institutional Trading of OptimumBank

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares in the last quarter. Finally, EJF Capital LLC acquired a new position in shares of OptimumBank in the 1st quarter worth $1,100,000. 7.43% of the stock is owned by institutional investors and hedge funds.

OptimumBank Company Profile

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.